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Company Registration No. 05160158 (England and Wales)
PAUL KITCHEN AGRICULTURAL LIMITED Unaudited accounts for the year ended 30 September 2024
PAUL KITCHEN AGRICULTURAL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PAUL KITCHEN AGRICULTURAL LIMITED Company Information for the year ended 30 September 2024
Director
PAUL MARTIN KITCHEN
Secretary
STEPHANIE LOUISE KITCHEN
Company Number
05160158 (England and Wales)
Registered Office
THE ELMS OWSTWICK HULL EAST YORKSHIRE HU12 0LH
Accountants
AL ACCOUNTING SOLUTIONS (HULL) LIMITED 42 GUILDFORD AVENUE GILLSHILL ROAD HULL EAST YORKSHIRE HU8 0LB
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PAUL KITCHEN AGRICULTURAL LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
127,897 
174,566 
Current assets
Inventories
2,200 
2,000 
Debtors
5
172,975 
129,268 
Cash at bank and in hand
1,106 
351 
176,281 
131,619 
Creditors: amounts falling due within one year
6
(224,297)
(185,320)
Net current liabilities
(48,016)
(53,701)
Total assets less current liabilities
79,881 
120,865 
Creditors: amounts falling due after more than one year
7
(46,875)
(62,170)
Net assets
33,006 
58,695 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
32,906 
58,595 
Shareholders' funds
33,006 
58,695 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
PAUL MARTIN KITCHEN Director Company Registration No. 05160158
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PAUL KITCHEN AGRICULTURAL LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
PAUL KITCHEN AGRICULTURAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05160158. The registered office is THE ELMS, OWSTWICK, HULL, EAST YORKSHIRE, HU12 0LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% WDV
Plant & machinery
25% WDV
Motor vehicles
25% WDV
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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PAUL KITCHEN AGRICULTURAL LIMITED Notes to the Accounts for the year ended 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
180,464 
229,105 
1,911 
411,480 
Additions
16,194 
2,500 
- 
18,694 
Disposals
- 
(11,000)
- 
(11,000)
At 30 September 2024
196,658 
220,605 
1,911 
419,174 
Depreciation
At 1 October 2023
92,495 
142,554 
1,865 
236,914 
Charge for the year
43,081 
22,270 
11 
65,362 
On disposals
- 
(10,999)
- 
(10,999)
At 30 September 2024
135,576 
153,825 
1,876 
291,277 
Net book value
At 30 September 2024
61,082 
66,780 
35 
127,897 
At 30 September 2023
87,969 
86,551 
46 
174,566 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
167,509 
123,744 
Accrued income and prepayments
1,920 
2,310 
Other debtors
3,546 
3,214 
172,975 
129,268 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,138 
20,319 
VAT
49,812 
9,884 
Obligations under finance leases and hire purchase contracts
21,024 
12,714 
Trade creditors
51,685 
52,771 
Taxes and social security
22,634 
17,364 
Other creditors
17,210 
30,573 
Loans from directors
42,294 
39,870 
Accruals
1,500 
1,825 
224,297 
185,320 
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PAUL KITCHEN AGRICULTURAL LIMITED Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,268 
39,823 
Obligations under finance leases and hire purchase contracts
18,607 
22,347 
46,875 
62,170 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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